Retrofitting Older Properties: Cost vs Benefit

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Much of the UK’s rental stock was built before energy efficiency was a design priority. Retrofitting is now unavoidable; but it must be approached rationally.

Common upgrades include:

  • Insulation improvements
  • Window replacements
  • Heating system modernisation

The question investors must ask is not “What does it cost?” but “What does it protect or unlock?”

Benefits often include:
• Higher achievable rents
• Reduced voids
• Improved tenant retention
• Stronger resale value

However, over investing in the wrong location or asset type can erode returns.

DXXV approaches retrofit decisions asset by asset, ensuring capital spend aligns with long-term strategy rather than regulatory panic.